I have had several buyer clients this past year that had their eye set on one property, and continued to tell me that they were going to wait for the price to drop again, and again, and again. Well, in all, but one of these cases, these buyers missed the opportunity to buy the house they wanted because they were certain the seller was going to become desperate, and continue to drop the price. Other buyers saw the great opportunity, and submitted the accepted offer, while my buyers lost out. Outcome? No other homes compared to the one they had their eye set on, they became frustrated, and decided not to purchase.
Another thing to consider...As a buyer is waiting for the "Perfect Deal", interest rates are rising, and will continue to rise. You can get a lot more house at 5 percent interest than you can at 6 percent. Just food for thought. Let's put this in perspective: in the 1970's economy/housing crisis, interest rates were around 11 percent and there was no way to even be considered for a mortgage without 10 percent down payment. I'm pretty sure the cost of living, and housing, was much less 30-40 years ago, than it is now.
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Thinking of buying, or selling?? I can help anyone, anywhere, buy, or sell, real estate.
"Be the person you want other people to be"
-Ghandi
Lindsay Saunders, Realtor, REO Certified Specialist
Keller Williams Greenville Central Partners
864-607-0479 Direct
Saunders@kw.com
www.GreenvilleRealEstateGirl.com